Against my better judgment..  We don't need economic calculation when we have actual physical and scientific based calculation. Economists will tell you that the world is several quadrillion dollars in debt. Science will show empirically that we can provide for the basic needs of all people. Which ideology do you want to be dominant in your life, or your children's life?
How about neither? A vote for theocracy then? Again: No. Alien overlords? I'm glad you recognize how silly you sound. You're the one uncontributing to the conversation. Why? Because I'm not willing to be constrained by your ignorance? Look, I know it causes too much cognitive dissonance to you when I show you what the reality really is and when this reality is conflicting with your beliefs neuroscience teaches us it's simply too much pain for you to be rational and change your belief and you're going to irrationally defend it instead. So I'm not going to engage with you beyond this post because it's pointless and I know you'll stick with your beliefs no matter what I say or what evidence I show to you. But when you present as our only options a "resource based economy" regulated by scientific calculations vs a market economy regulated by a central authority I'm not willing to ignore the fact that there's more options, one of them being a market economy regulated exclusively by consumers in this economy (usually called a free market). But of course that's a pipe dream whereas your resource based economy is not, right? Anyway I know you are unable to listen and swallow this right now so I'll give you some more cognitive dissonance just for shits and giggles and I'll ask you again: If you can come up with a valid example of how the world could get into such huge debt using only bitcoins as money, an example that will make sense to at least 10people on this forum, I'll send you all my BTC. The in-elasticity of bitcoin disallows such gross debt creation. WOW progress. You seem to ignore the reality that our society started on gold, with similar characteristics, and has devolved into the systems and mechanisms we have today. That's the reality I recognize, which you seem unwilling or unable to. I see the same reality! But.. I investigated this reality and tried to understand the fundamental driving force of everything: cause and effect. Now let's see if you can develop a hot streak here.. Can you answer me: Why or more precisely what was the reason for this reality, although it's starting point being on gold, for this reality to end up, where it ended up? |
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Against my better judgment.. We don't need economic calculation when we have actual physical and scientific based calculation. Economists will tell you that the world is several quadrillion dollars in debt. Science will show empirically that we can provide for the basic needs of all people. Which ideology do you want to be dominant in your life, or your children's life?
How about neither? A vote for theocracy then? Again: No. Alien overlords? I'm glad you recognize how silly you sound. You're the one uncontributing to the conversation. Why? Because I'm not willing to be constrained by your ignorance? Look, I know it causes too much cognitive dissonance to you when I show you what the reality really is and when this reality is conflicting with your beliefs neuroscience teaches us it's simply too much pain for you to be rational and change your belief and you're going to irrationally defend it instead. So I'm not going to engage with you beyond this post because it's pointless and I know you'll stick with your beliefs no matter what I say or what evidence I show to you. But when you present as our only options a "resource based economy" regulated by scientific calculations vs a market economy regulated by a central authority I'm not willing to ignore the fact that there's more options, one of them being a market economy regulated exclusively by consumers in this economy (usually called a free market). But of course that's a pipe dream whereas your resource based economy is not, right? Anyway I know you are unable to listen and swallow this right now so I'll give you some more cognitive dissonance just for shits and giggles and I'll ask you again: If you can come up with a valid example of how the world could get into such huge debt using only bitcoins as money, an example that will make sense to at least 10people on this forum, I'll send you all my BTC. |
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Against my better judgment.. We don't need economic calculation when we have actual physical and scientific based calculation. Economists will tell you that the world is several quadrillion dollars in debt. Science will show empirically that we can provide for the basic needs of all people. Which ideology do you want to be dominant in your life, or your children's life?
How about neither? A vote for theocracy then? Again: No. Alien overlords? I'm glad you recognize how silly you sound. |
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Against my better judgment.. Which ideology do you want to be dominant in your life, or your children's life?
How about neither? A vote for theocracy then? Again: No. |
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Against my better judgment.. Which ideology do you want to be dominant in your life, or your children's life?
How about neither? I'll go even further. If you can come up with a valid example of how the world could get into such huge debt using only bitcoins as money, an example that will make sense to at least 10people on this forum, I'll send you all my BTC. |
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/off topic
Guys don't engage LightRider, it's a waste of time because he's simply experiencing way too much cognitive dissonance and there's just no way you're going to get through to him no matter what evidence or facts or logic you use.
Let him believe he can fly, sooner or later he'll have the unpleasant meeting with reality that'll force him to to change what he beliefs or experience the pains of ignoring the force gravity.
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It seems that's SatoshiDice |
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Currently streaming porn at Max quality, 640x320 8fps let me know how it looks. Btw I think you need to find a way to enable volume adjusting.. |
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Ty to the both of you for your time writing up those answers. I kind sorta already had the feeling what the answers to my questions were I just wasn't sure but I agree with both of you.
I think one thing we should think about is making sure the blockchain is always freely available to be downloaded by anyone, meaning if the voluntary centralization reaches so far that there are only a few nodes with the entire blockchain, we should make sure those few nodes after they're the only ones with the entire blockchain can't make it private and inaccessible to everyone
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I would imagine if Bitcoin continues to expand in 20 years very few users will be running a "satoshi style" wallet and connecting directly to the blockchain.
Agreed! Thought hopefully there will be more net users running the client than today, but it will be a small fraction of overall userbase. Personally, I'll always run the client forever on every computer I own. But isn't this a problem? Doesn't this remove the decentralized resilience of Bitcoin we often claim is comparable to bittorrent? Doesn't this make it a lot easier to change the rules by someone? I've asked this question in a couple of other threads and I don't think I received a satisfying answer yet. I'm not trying to spread FUD, I'm obviously very bullish about Bitcoin's future but still it's something that I think we should ask ourselves and find the right answers in order to avoid potential bad future outcomes. |
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It depends on whether or not they present themselves as trustworthy..  |
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This is really awesome. If there's a perfect group of people to introduce Bitcoin to it's them.
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Much appreciated, thank you piuk!
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the goal of the market has always been to find the true price of bitcoin.
Exactly. But in the beginning the market lacked all the tools needed for everyone to be able to make the exact bets they wanted to make. Now with well developed services to move funds to and from the exchanges, well developed bots to help shorten the reaction time to the market price action, the ability to make big bets on either side on bitcoinca and the fairly liquid biggest exchange is a nice basket of tools that allows game theory to fully play itself out and stabilize the price. I voted: "There are more speculators. Their bets neutralize each other." because it's the closest to the above real answer. It's not just more speculators it's also more speculators with more tools that allow them more freedom and higher efficiency in their speculating. But ultimately these are just the players and it's the game theory that's really the cause of what we see (that "Their bets neutralize each other." part). |
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You are right, just saying the words makes no difference and I should just ignore it even if it's not correct.
But with the word democracy I just can't help myself. It's one of those words that's responsible for so much evil and suffering in world and yet has an immensely positive image which is something that makes me want to throw up every single time I run across it and I'll be damn if I have the chance to object if I'm not going to use it whenever it's being applied to something wonderful and absolutely not evil and despicable unlike a democracy.
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(democracy at work) UGH. No, no, no and no!  The only thing at work is voluntary collaboration. There's no majority ruling over a minority and I'm baffled how people somehow keep seeing this. Isn't it true that even if 99% of people switch to a protocol with different rules than the rules in Bitcoin, Bitcoin still exists for the 1% and still has the same rules?! This is NOT democracy at work. |
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cypherdoc is right, you need a network behind the rules embedded in the code to make sure those do not change or if they do that they have unanimous consent.
I'm not sure what Selgin is talking about is even possible to invent.
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These are awesome. All hail science and reason. Sent a Bitcoin for your efforts.  Very generous of you, thank you. and yes; All hail science and reason!  |
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